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    1900 T St Pensacola, FL 32505

    Sponsored
    For Sale
    $895,000

    Two-acre retail site, 18,346 SF, high potential.

    Property size:
    18,346 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional redevelopment opportunity encompasses a two-acre parcel in Pensacola, Florida, zoned for Heavy Commercial/Light Industrial use. The property boasts two single-story buildings totaling 18,346 square feet, currently 100% occupied with existing tenants. Located at 1900 N T St, Pensacola, FL 32505, this prime location offers less than a ten-minute commute to downtown Pensacola. The flexible zoning allows for a wide range of development possibilities, including expansion of existing structures, renovation, or complete redevelopment, catering to diverse business needs. The existing buildings provide immediate rental income while plans for future development are considered. The substantial lot size presents ample space for expansion or the construction of new buildings, maximizing the property's potential. This is an ideal investment for developers seeking a high-return opportunity in a rapidly growing area. The asking price for this unique property is $895,000. The property's Class D designation reflects its current condition, presenting a significant opportunity for value enhancement through strategic improvements or redevelopment. This is a rare chance to acquire a substantial commercial property with significant upside potential in a desirable location.

    Property Features for 1900 T St

    General Information

    Property type
    Individual retail properties
    Square Feet
    18,346 SF
    Class
    D
    Lot Size
    87,120 SF

    Building Details

    Buildings
    2
    Stories
    1
    Units
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Muhammad Mosque Mosque

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.245947
    Latitude
    30.432129

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    FAQs

    What type of property is this?
    Individual retail property - Two-acre retail site, 18,346 SF, high potential.
    Where is this individual retail property located?
    The property is located at 1900 T St Pensacola, FL.
    What is the asking price?
    The asking price for this property is $895,000.
    Request Owner's contact information
    1900 T St Pensacola, FL 32505
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    Pensacola, FL 32505
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1900 T St Pensacola, FL 32505
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